Ethylene Vinyl Acetate Market is Expected to Grow at a CAGR of 8.9% to 2018 – Report by MarketsandMarkets
Ethylene vinyl acetate market, growing at a CAGR of 8.9%, is estimated to generate global value of $12,131.4 million by 2018. The ethylene vinyl acetate market is experiencing healthy growth that is expected to continue in the near future – http://www.marketsandmarkets.com/Market-Reports/ethylene-vinyl-acetate-market-188576603.html.
(PRWEB) June 02, 2014
The report “Ethylene Vinyl Acetate Market by Type (VLEVA, LEVA, MEVA, HEVA), Application (Film, Extrusion, Non-Extrusion, Injection Molding, Coating, Wire & Cable), End-Uses (Shoes & Foams, Packaging, Photovoltaic Panels) by Geography – Trends & Forecasts to 2018” defines and segments the global ethylene vinyl acetate market with an analysis and forecasting of its global volume and value.
Browse 88 market data tables and 29 figures spread through 176 pages and in-depth TOC on "Ethylene Vinyl Acetate Market" – http://www.marketsandmarkets.com/Market-Reports/ethylene-vinyl-acetate-market-188576603.html.
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“Asia-Pacific: The Biggest Market of Ethylene Vinyl Acetate”
The Asia-Pacific region is the world’s largest market of ethylene vinyl acetate, with around half of its total demand in 2012. China is the key consumer of ethylene vinyl acetate in the Asia-Pacific. Injection molding, film, compounding and wire & cable are the application segments driving the demand for ethylene vinyl acetate products, which in turn are pushing the demand for ethylene vinyl acetate within the region. The growing industrial expansions in the region have also led to increased consumption of ethylene vinyl acetate. The market is also growing due to high penetration of this material in industries such as film and other extrusion which have further helped the ethylene vinyl acetate market to emerge in the region. Various innovations, developments, and expansions in different industries have in turn made the region a potential growth market for ethylene vinyl acetate.
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In terms of market activities, Hanwa Chemicals (China) was one of the most active players from 2010 to 2013. The company took various efforts to expand its presence in the ethylene vinyl acetate market and to be in line with the market trends by attending various conferences and exhibitions.
The company undertook few expansion activities to enhance its business. It also invested increasingly in R&D to bring together its key technologies under one roof for synergies and resource sharing in technical developments.
As part of its growth strategy, Hanwa Chemical (China) focused on growing and upgrading its ethylene vinyl acetate capacities, and thus strengthens its global position. It focuses on making its products globally well-positioned and capitalizes on the expected high market growth.
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